News for Economic

AGAPE HEARTLIGHT RAISES MORE THAN $400,000 IN SUPPORT OF LOCAL CHILDREN AND FAMILIES
On November 2, Agape Child & Family Services held its annual HeartLight event at Mississippi Boulevard Christian Church in an effort to raise awareness of the non-profit’s mission to provide healthy homes to children and families in Memphis’ most under-resourced neighborhoods. The evening’s featured speaker was ...read more

HI-SPEED INDUSTRIAL SERVICE CERTIFIED AS THE ONLY AEGIS TRAINED INSTALLER IN STATE
Hi-Speed Industrial Service’s Little Rock location was recently awarded certification as an AEGIS® Trained Installer. Hi-Speed is the only authorized AEGIS Trained Installer in Arkansas.
The AEGIS Trained Installer program recognizes and promotes motor repair companies that have distinguished themselves by ...read more

PREVIOUS MAAR CEO, MELANIE BLAKENEY, JOINS MARX-BENSDORF
(Memphis, TN) – Melanie Blakeney has joined Marx-Bensdorf, REALTORS® as an affiliate broker. Prior to joining the firm, she served as CEO of the Memphis Area Association of REALTORS® (MAAR). Blakeney has more than 30 years of experience in serving and supporting real estate associations, the last 19 of which have been in the Memphis ...read more

Paragon Reports Near-Record Results in Second Quarter of 2018
MEMPHIS, Tenn., August 23, 2018 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2018 second quarter financial earnings, reporting a net income of $778,695, an increase of 60 percent over the first quarter of 2018 and a 25 percent increase over the second quarter of 2017. The only quarter with a higher net income was the fourth ...read more

MEMPHIS, Tenn., November 17, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced another strong quarter with near-record revenue, increasing $128,000 over the second quarter of 2017 to $4.7 million. For the Small Business Administration's fiscal year ending September 30, 2017, Paragon was the largest SBA lender headquartered in the Memphis Metropolitan Statistical Area.
"We are proud of the ...read more

Memphis, Tenn., November 1, 2017 – Eclectic Eye, a Memphis destination for optometry services and stylish eyewear needs, today announced a special anniversary sale in celebration of 15 successful years in business.
Since opening the store in the heart of Midtown, Memphis, Eclectic Eye has pioneered the local optometry provider model and truly defined how small businesses contribute to the ...read more

MEMPHIS, Tenn., August 22, 2017 – Paragon Bank (OTCBB: PGNN.OB) today announced its 2017 second quarter financial earnings, reporting a net income increase of 15 percent over the second quarter of 2016. During the first six months of 2017, net income increased 33 percent compared to the first six months of 2016. Net interest income for the second quarter of 2017 was a record $3.5 million, which ...read more

MEMPHIS, Tenn., July 31, 2017 – Paragon Bank (OTCBB: PGNN.OB) has hired Sean Waybright as Vice President and Business Development Officer. Waybright reports to Charles Yorke, President of the Paragon Bank Small Business Capital Group, and is based in the group’s Denver office.
“With his commitment to the industry and desire to expand the small business community, Sean was an instant asset to the ...read more

MEMPHIS, Tenn., March 16, 2017 – The Seam, a commodities trading and agribusiness software provider, today announced it is expanding operations in the Memphis area and will move to 3400 Players Club Parkway, part of the Southwind Office Plaza. The transition comes after the company’s announcement in January that it is working with IBM and cotton industry leaders to create a blockchain-based ...read more